News

  • New money put City’s reputation at risk

    The UK’s lax and disjointed listing regime has helped to open the door to questionable overseas entrants, changing the make-up of the indices - May 18, 12:04am

  • ENRC consortium given buyout extension

    Independent committee rejects indicative bid made by the group, consisting of the oligarchs who founded the miner and the government of Kazakhstan - May 17, 10:39pm

  • First State soft-closes fund

    Global Emerging Market Leaders fund will carry 4% charge from September - May 17, 06:09pm

  • Russia grows at slowest rate since 2009

    Russia’s economy grows at 1.6 per cent in first quarter, its slowest since 2009, after investment and commodity prices fall - May 17, 04:42pm

  • China censor acts on anti-Japan films

    China’s film censor tells production companies to tone down anti-Japan messages because of a lack of ‘seriousness and dignity’ in the programmes - May 17, 12:44pm

  • China’s State Grid in fresh Australia deal

    Utility group pays Singapore Power A$824m for a 19.9 per cent holding in SP AusNet, which manages three energy networks in the state of Victoria - May 17, 06:38am

  • Caterpillar settles with former ERA owners

    The US group secures a $135m reduction to the purchase price of the Chinese group it bought in 2012, following writedown in January - May 17, 05:22am

  • SocGen reaffirms commitment to Russia

    French lender issues statement following news that the chief of Rosbank, in which it owns an 82 per cent stake, has been charged with bribery - May 16, 11:42pm

  • US closes in on auditing deal with China

    It is not clear how quickly a deal will be reached, and it is possible China could limit what it allows in the hands of foreign regulators - May 16, 11:41pm

  • BoE questions IMF report calculations

    Central bank objects to report that losses from central bank’s money printing operations could climb reach 6 per cent of gross domestic product - May 16, 08:12pm

  • Qatar bankrolls Syrian revolt

    Financial support from tiny gas-rich state overshadows western backing, but is being nudged aside by Saudi Arabia as the prime source of arms to rebels - May 16, 07:09pm

  • Executives upbeat on world economy

    Global business executives remain cautiously optimistic that the world economy will improve in the months ahead, according to latest FT/Economist survey - May 16, 05:01pm

  • Growth shows signs of fatigue in Mexico

    Latest estimates are set to confirm Mexico’s worst year-on-year quarterly results since 2009 with a hint that they could even be negative - May 16, 03:37pm

  • Uruguay’s Mujica lauds booming Brazil ties

    President José Mujica is keen to do more business with his country’s northern neighbour while criticising Argentina and praising Barack Obama - May 16, 03:10pm

  • Luxury goods sales slow on Asia clampdown

    Study expects global growth of 4% to 5% in 2013, sharply down from 10% growth last year as Asia demand retrenches and Europeans pull back spending - May 16, 01:11pm

  • Brazil and the US put politics to one side

    A growing sense of friendship between the two countries makes sense in an increasingly multipolar world, writes Joe Leahy - May 16, 09:59am

  • China’s companies spurn dividends directive

    Just 60% of its biggest listed companies pay a 30% dividend as required by the Shanghai Stock Exchange, a blow to efforts to entice long-term investors - May 16, 05:48am

  • China in innovation challenge to Europe

    More than two-thirds of business leaders say in a survey that the Asian country would reach or pull ahead of the continent in innovation by 2023 - May 16, 12:03am

  • Gains defy gloomy economic data

    US stocks marched on as investors brushed off weak manufacturing data and focused on the prospect of continued support from the world’s central banks - May 15, 09:18pm

  • Brazil oil licences raise record R$2.8bn

    Auction will help reinvigorate Brazil’s oil industry, and mark return of Exxon to the country in partnership with Brazilian billionaire Eike Batista - May 15, 08:23pm

  • Vietnam must ditch its crony capitalism

    For a country in its demographic sweetspot, with a highly motivated and entrepreneurial population, the economy is not growing fast enough - May 15, 08:03pm

  • Rift over Bangladesh textile worker safety

    While 30 mainly European retailers are happy to sign an accord on fire and building safety, US retailers have lambasted it as impractical - May 15, 07:54pm

  • Tiny Rowland’s maverick empire quietly vanishes

    Swiss investors seek to take private 100-year-old British group that became a global conglomerate under the larger-than-life ‘Tiny’ Rowland - May 15, 07:12pm

  • China agrees trade deal with Switzerland

    China has agreed the technical details of a free-trade agreement with Switzerland and the deal is likely to be signed in coming months - May 15, 06:53pm

  • Rosbank head suspected of taking bribes

    Police detain Vladimir Golubkov, chief of SocGen’s arm in the country, and one other bank official on suspicion of receiving illegal payments - May 15, 06:30pm

Blog

Filter by specific countries or regions

Even in China, David sometimes beats Goliath – though it’s sometimes hard to be sure.

This week, residents of Songjiang – a suburb of Shanghai which has gained fame around the world for having over 10,000 dead pigs floating in its water supply – found that though they could not vanquish the porcine invader, they had scared away an intruder from the corporate world. Shanghai Guoxuan High-Tech Power Energy company said it was abandoning plans for a battery factory in Songjiang, after residents protested on the streets and on the internet against it. Continue reading »

* China’s State Grid secures more Australian assets

* US-China audit fight: Armageddon averted?

* Yahoo spared $2.7bn Mexican damages Continue reading »

China’s property market is suddenly looking a whole lot hotter.

A new housing index covers more cities than any other available gauge, reaching into many of the smaller towns where development has been most frenetic. And lo and behold it has produced a striking conclusion: that property prices are rising twice as fast as official data suggests. Continue reading »

Friday’s picks from beyondbrics: Aung San Suu Kyi and the ex-generals must overcome their past; Qatar is being nudged aside by Saudi Arabia as a main source of arms for Syrian rebels; and Tony Hayward resurfaces. Plus: what’s “going right” in China; Kunming’s unstoppable environmental protests; local brands take the fight to multinationals over consumer spending in sub-Saharan Africa; and debt recovery laws are a must for India’s co-operatives. Continue reading »

Disputes between managers and shareholders aren’t new in Communist China. But now a public row has erupted in one of the country’s oldest businesses – a one-hundred year-old cosmetics manufacturer called Shanghai Jahwa.

Shanghai Jahwa’s predecessor was Hong Kong Kwong Sang, a company that made its name with Shanghai Vive toilet water, a so-called secret weapon of pre-Revolutionary Shanghai ladies.

But the Shanghai-listed company is now making headlines for a different reason: an internal conflict between its top managers and its controlling shareholder Ping An Trust, a subsidiary of Ping An Insurance, the big Chinese insurer. Continue reading »

From Bangkok to Rio, a new-found desire for keeping up with the Joneses among hundreds of millions of people has been helping to keep the world afloat.

But the emerging consumers of Asia, eastern Europe and Latin America are all showing signs of slowing their scramble for clothes, white goods, cars and so on. Daniel Martin at Capital Economics reckons many of them have had to change down a gear for the foreseeable future. The problem is, you guessed it, debt. Continue reading »

* Uruguay’s José Mujica lauds booming Brazil ties

* Mexico banks on stronger economic growth later this year

* Iran’s nuclear negotiator will ‘resist’ west if elected president Continue reading »

Almost like Pavlov’s dogs, journalists and business commentators covering Carlos Slim only have to mention the name before they find themselves following it with the phrase “the world’s richest man”. But as of this week, the Slim watchers out there are going to have to resist their conditioned response.

On Thursday, Bloomberg reported that the Mexican telecoms tycoon had been toppled from the number-one spot on the news agency’s all-time rich list. And guess who’s back in front….yep, it’s Bill Gates. Continue reading »

Remember the tiff between US and Chinese regulators over accounting regulatory standards? You know, the one that resulted in the SEC charging the Chinese affiliates of the Big Four audit firms (plus BDO) with violating US securities law after the five firms allegedly refused to turn over audit work related to nine Chinese companies being investigated for potential accounting fraud?

Well, after a 10-month stand off, it looks like some progress is finally being made to avoid an accounting Armageddon that could have led to the wholesale delisting of Chinese companies on US stock exchanges. Continue reading »

As Google, Starbucks and Amazon have learned to their detriment, companies that take advantage of legal tax-avoidance schemes such as the “Dutch sandwich” and the “double Irish” are right up there with bankers in the public’s estimation.

Peru’s tax office, Sunat, has found a way to help make the medicine go down, it seems, giving companies the option of paying part of their tax bill in the form of regional infrastructure works in some of the countries’ poorest regions. Continue reading »

Japanese carmakers have been pouring money into Mexico in recent years.

Squeezed by higher production costs as a result of the weak yen, many have set up production lines in Mexico, lured by the country’s inexpensive labour and easy access to the key North American market.

In fact, so modern and cost-effective are their Mexican operations that General Motors, the leading US carmarker, this week tapped Nissan to help it build small cargo vans to sell in the US and Canada. Continue reading »

Uruguay’s leftist former guerrilla president, José Mujica, is renowned for telling it like it is. Which is why he doesn’t mince his words, in an interview with the Financial Times, highlighting why he is working on port and rail plans with one of his big neighbours, Brazil and, er, nothing with the other, Argentina. Continue reading »

Moody’s on Thursday raised Turkey’s government bond rating by one notch from Ba1 to Baa3, making it the second rating agency to award the country with an investment grade.

Fitch gave Turkey investment grade last November while Standard & Poor’s lifted its rating from BB to BB+, or one step short of investment grade, in March. Continue reading »

I read the news today, Oh boy
200 hundred holes in roads in Hungary,
Unlike Blackburn, these holes are not so small,
They’ve had to map them all,
Enough to drive Generali up the wall.

(Apologies to Lennon & McCartney. ) Continue reading »

Battered by falling metal prices and labour unrest, the South African rand touched a four-year low on Thursday of 9.3836 to the US dollar.

And with the mining industry suffering strikes, the economy sluggish and credit rating agencies nervously eyeing the country’s finances, the currency could have further to fall. Continue reading »

BB: time to register

Dear beyondbrics readers,

After more than three years of fully open access, we are taking the step of asking our readers to register on FT.com to read our articles. Beyondbrics will still be free but we'd like to know a bit more about you, our readers. Other FT blogs (including Alphaville) already do the same thing. Registration is active on beyondbrics from May 6.

Many of you are already registered on FT.com, or are subscribers - in which case, if you are logged in to the site you will not notice any difference. Just carry on as before.

For those of you not yet registered, it's a simple process which only takes a few moments.

Reading beyondbrics articles will NOT deduct from your free monthly quota of stories on FT.com.

Many thanks

Stefan Wagstyl, emerging markets editor

Global equities macromap

beyondbrics

The emerging markets hub

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